Market News

Independence Contract Drilling, Inc. (ICD) Reaches $4.21 After 8.00% Down Move; Kemet (KEM) SI Decreased By 21.64%

The stock of Independence Contract Drilling, Inc. (NYSE:ICD) is a huge mover today! The stock decreased 3.22% or $0.14 during the last trading session, reaching $4.21. About 87,487 shares traded. Independence Contract Drilling, Inc. (NYSE:ICD) has risen 7.92% since February 17, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.The move comes after 7 months negative chart setup for the $159.90M company. It was reported on Feb, 17 by Barchart.com. We have $3.87 PT which if reached, will make NYSE:ICD worth $12.79 million less.

Kemet Corporation (NYSE:KEM) had a decrease of 21.64% in short interest. KEM’s SI was 2.71 million shares in February as released by FINRA. Its down 21.64% from 3.45 million shares previously. With 2.13M avg volume, 1 days are for Kemet Corporation (NYSE:KEM)’s short sellers to cover KEM’s short positions. The SI to Kemet Corporation’s float is 6.81%. The stock decreased 0.11% or $0.02 during the last trading session, reaching $18.4. About 797,403 shares traded. KEMET Corporation (NYSE:KEM) has risen 468.67% since February 17, 2017 and is uptrending. It has outperformed by 451.97% the S&P500.

Among 8 analysts covering Independence Contract Drilling (NYSE:ICD), 7 have Buy rating, 1 Sell and 0 Hold. Therefore 88% are positive. Independence Contract Drilling had 26 analyst reports since August 10, 2015 according to SRatingsIntel. Cowen & Co maintained Independence Contract Drilling, Inc. (NYSE:ICD) rating on Thursday, September 14. Cowen & Co has “Buy” rating and $5.0 target. The company was maintained on Wednesday, October 18 by Cowen & Co. On Monday, May 29 the stock rating was downgraded by ValuEngine to “Sell”. The rating was downgraded by Tudor Pickering on Wednesday, September 9 to “Accumulate”. The stock of Independence Contract Drilling, Inc. (NYSE:ICD) has “Outperform” rating given on Friday, October 30 by RBC Capital Markets. Cowen & Co maintained Independence Contract Drilling, Inc. (NYSE:ICD) on Thursday, January 11 with “Buy” rating. The firm earned “Buy” rating on Monday, August 10 by Zacks. FBR Capital maintained Independence Contract Drilling, Inc. (NYSE:ICD) rating on Wednesday, December 28. FBR Capital has “Outperform” rating and $8.50 target. The firm earned “Overweight” rating on Tuesday, February 28 by CapitalOne. RBC Capital Markets maintained the shares of ICD in report on Friday, February 19 with “Outperform” rating.

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.20, from 1.09 in 2017Q2. It improved, as 9 investors sold Independence Contract Drilling, Inc. shares while 19 reduced holdings. 10 funds opened positions while 26 raised stakes. 28.16 million shares or 2.92% less from 29.01 million shares in 2017Q2 were reported. International reported 22,977 shares or 0% of all its holdings. Napier Park Glob Cap (Us) L P holds 3.36% or 130,000 shares. Bridgeway Mgmt Inc owns 811,800 shares. Northern Trust accumulated 0% or 459,039 shares. Dimensional Fund Advsr Limited Partnership reported 606,926 shares. Capital Rech Global holds 0.01% in Independence Contract Drilling, Inc. (NYSE:ICD) or 4.53 million shares. Federated Pa has invested 0.02% in Independence Contract Drilling, Inc. (NYSE:ICD). State Street holds 0% of its portfolio in Independence Contract Drilling, Inc. (NYSE:ICD) for 466,309 shares. Viking Fund Lc, North Dakota-based fund reported 520,000 shares. Renaissance Technology Ltd Llc reported 24,900 shares or 0% of all its holdings. Tower Research Capital Ltd Liability (Trc) reported 0% stake. Van Eck Associate reported 0.02% stake. California State Teachers Retirement owns 0% invested in Independence Contract Drilling, Inc. (NYSE:ICD) for 56,363 shares. Adage Grp Inc Inc Ltd Com holds 2.71 million shares. Voya Invest Management Ltd Company holds 0% or 18,763 shares.

Analysts await Independence Contract Drilling, Inc. (NYSE:ICD) to report earnings on February, 27. They expect $-0.11 earnings per share, up 21.43% or $0.03 from last year’s $-0.14 per share. After $-0.13 actual earnings per share reported by Independence Contract Drilling, Inc. for the previous quarter, Wall Street now forecasts -15.38% EPS growth.

Independence Contract Drilling, Inc

Since August 14, 2017, it had 0 insider buys, and 4 sales for $1.14 million activity. On Monday, August 14 the insider BRANDENBERG FRANK G sold $301,021. On Tuesday, February 6 the insider LOWE WILLIAM M JR sold $439,943. The insider Borruso Joseph Vincent sold $22,307. Backes Wilfried sold 20,000 shares worth $409,308.

KEMET Corporation, together with its subsidiaries, makes and sells passive electronic components under the KEMET brand worldwide. The company has market cap of $1.04 billion. The firm operates through two divisions, Solid Capacitors, and Film and Electrolytic. It has a 3.88 P/E ratio. The Company’s products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors, as well as EMI filters.

Among 3 analysts covering Kemet (NYSE:KEM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Kemet had 8 analyst reports since May 23, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Monday, May 23 by B. Riley & Co. The firm has “Hold” rating given on Wednesday, October 4 by Stifel Nicolaus. The company was maintained on Friday, February 2 by FBR Capital. Stifel Nicolaus maintained KEMET Corporation (NYSE:KEM) on Thursday, January 18 with “Hold” rating. As per Sunday, August 6, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $19.5 target in Sunday, September 10 report.

Leave a Reply

Your email address will not be published. Required fields are marked *